possible reserves

possible reserves

[′päs·ə·bəl ri′zərvz]
(petroleum engineering)
Primary petroleum reserves that may exist, but available data do not confirm their presence.
References in periodicals archive ?
In addition to estimated proved reserves, the Company estimates it had probable and possible reserves of 355 MMBoe at December 31, 2014, for total 3P reserves of approximately 477 MMBoe.
Turkey's Directorate General of Mineral Research and Exploration (MTA) carried out a research on possible reserves of Turkey, and said 77 of 90 different types of minerals traded in the world were located in Turkey.
184 ounces per ton will give the project a four-year life, with remaining possible reserves extending production to 10 years.
Through Energen Resources Corporation, the company has approximately 750 million barrels of oil-equivalent proved, probable, and possible reserves.
Adding in the NPV10% value of the possible reserves would take the total 3P value to $1.
Another 164,000 tons of possible reserves grading at .
Range has elected not to disclose the Company's probable and possible reserves in its filings with the SEC.
Based on the report, estimates of Far East Energy's Proved, Probable and Possible Reserves as of December 31, 2011 were as follows:
3 trillion cubic feet of proved, probable and possible reserves to WPX," Hill added.
Antero estimates year-end 2011 proved, probable and possible reserves of 17.
Probable reserves include those additional reserves that a company believes are as likely as not to be recovered and possible reserves include those additional reserves that are less certain to be recovered than probable reserves.